• Ratings agency Moody’s on Monday downgraded the debt ratings of collapsed New York-based Signature Bank (SBNY.O) deep into junk territory and placed the ratings of six other U.S. banks under review for a downgrade.
• Moody’s, which rated Signature Bank’s subordinate debt ‘C’, said it was also withdrawing future ratings for the collapsed bank.
• The banks placed under review for downgrade are First Republic Bank, Zions Bancorporation, Western Alliance Bancorp , Comerica Inc., UMB Financial Corp and Intrust Financial Corporation, Moody’s said.